Core AI Holdings Q2 revenue rise on stronger mobile game advertising

Core AI Holdings

28/08/2026 13:01

Overview
AI technology and infrastructure firm's Q2 revenue rose 56% yr/yr to $22.4 mln
Gross loss narrowed 97%, bringing gross margin close to breakeven
Company entered four joint ventures for AI and HPC data center development, all in early stages

Outlook
Core AI says data center joint ventures remain in early stages with no projects approved yet
Company intends to expand AI capabilities into digital marketing and media production
Core AI aims to improve economics of existing businesses while advancing AI infrastructure initiatives

Result Drivers
ADVERTISING OPTIMIZATION - Co said higher advertising revenue from mobile games was driven by optimized ad placements and user acquisition strategies
MARGIN IMPROVEMENT - Gross margin approached breakeven as revenue increased at a higher rate than the related cost of providing services
STRATEGIC EXPANSION - Co entered four joint ventures for HPC and AI data center development, though these remain in early stages

Company press release: ID:nGNX1VkkBt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$22.40 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)